Manufacturing Growth Infographic
Digital transformation is a term that gets lightly tossed around in the tech industry, but most people don’t truly understand what this means. Digital transformation is all about the journey, not the destination. As industries and technology change, so too will your business processes and the tools you use to execute them. That’s what digital transformation is all about—continuously improving your enterprise technology and strategies to grow and improve.
It’s our belief that digital transformation is one of the essential elements of manufacturing growth. Implementing innovative solutions, such as modern ERP software, and using them effectively can take your business to a whole new level by automating operations and powering in-depth insight. To help you achieve manufacturing growth, we’ve provided the following infographic and expounded on each of its points.
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Align Business Goals with Digital Trends
Researching digital innovations can easily feel like drowning in an alphabet soup of acronyms. ERP, AI, IoT, BI—how can you possibly keep up with all these advancements? Figuring out which tools are right for you is much easier when you concentrate on your specific business goals. By analyzing current business processes and data, you can find the pain points that are currently holding your business back. From there, you can explore the potential solutions that can address these precise issues and help your enterprise reach new heights.
If you don’t have an ERP system, that should be one of the first tools you investigate. ERP works for a wide array of organizations by automating processes and maintaining enterprise data. The best ERP solutions come with the latest innovations out of the box, so you can enjoy 360-degree insight and faster performance. Enterprise software powers continuous improvement, providing deep insights to help you locate inefficiencies and connecting your devices and technology to keep your information in one place. When you center your digital transformation strategy on your unique business goals, manufacturing growth is well within reach.
Become Fit for Growth
Business growth doesn’t happen overnight. Some key steps must be taken to prepare your organization for new strategies and technologies. In the first place, instill collaboration across your company, explaining the value of pursuing continuous growth and learning. Ensure everyone has the proper resources and training to adopt new systems.
Additionally, you want to create a strategy that measures the efficacy of your technology. Is IoT providing the insights you need to enhance your shop floor? Are ERP modules being effectively used to reduce inventory and cut waste? Establish key performance indicators (KPI) and utilize your ERP metrics and trackers to measure if your business is achieving desired improvements. If the numbers aren’t quite where you want them to be, reevaluate your current solutions and strategies. You might need to take the time for additional training or redesign your workflows.
Another process that’ll help you become fit for growth is migrating to cloud solutions. Cloud-deployed software offers real-time visibility throughout global manufacturing operations. More scalable than on-premises ERP, cloud software expands with your business without requiring major hardware expenses. Cloud ERP makes your business more agile and responsive to industry changes.
Turn Insight into Action
Once you have the right technology in place, do you know how to use it? Sure, data serves as the backbone of manufacturing decisions and operations, but the information from your technology provides little value if you can’t interpret it or use it to improve current strategies. One way to make the most of your enterprise data and solutions is to build a company culture that values change. Hire employees who understand the importance of continuously modifying business technology and leveraging data. Provide training and resources to help users who remain set in their ways.
Your digital infrastructure and data should constantly be utilized to improve customer experiences. Are your production lines poorly equipped to handle a surge in orders? Maybe you need to make better use of your material requirements planning (MRP) module or forecasting tools. Are sales and service reps slow to answer to customer concerns? You could benefit from an ERP and CRM integration that syncs relevant back-end data into your CRM instance.
Put a methodology in place to employ enterprise data to detect pain points in customer relationships, and drill into this information to find the source of these issues. This is just one of many ways that you can transform insight into dynamic manufacturing improvements.
There’s always room for your manufacturing processes to grow and improve. Let Epicor ERP pave the path to manufacturing success. Epicor constantly works to advance its solutions, whether it’s through partnering with Microsoft Azure to enhance its cloud offerings or introducing BI-embedded insights in its dashboards. With sophisticated tools and powerful performance, Epicor ERP is built for manufacturing growth.
An Epicor Platinum Partner, Datix knows how to implement Epicor in line with your unique business needs. For over 20 years, we’ve provided an array of solutions to empower manufacturers and distributors to optimize their processes. Throughout your ERP journey, our expert consultants are there to help you continuously improve your software with upgrades, customizations and integrations. We’re there from start to finish, doing whatever it takes to deliver premier services and solutions.
Start pursuing manufacturing growth today. Reach out to the ERP experts at Datix!